Four Alternatives to Variable Annuities

When most people think of annuities, they think of the more common variable annuity. However, variable annuities are far from the only annuity product out there; I'll detail a few others that might appeal to your investing appetite.

But first, a little on the variable annuity. The thought of investing in these vehicles may seem daunting or complicated to most people, but it is really very similar to investing in a company-sponsored retirement plan such as a 401(k) or IRA.

A variable annuity is a contract between you and the insurance company in which you receive periodic payments according to the changing market value of the underlying investment. More importantly, these payments can continue for the rest of your life. ...